Kentucky Department of Education

District Financial Reporting

Finance Officer Training, Insurance, Financial Management Calendar and Finance Newsletters

Published: 5/15/2013 12:19 PM

Finance Officer Training
The Division of District Support provides guidance for districts, providers, and finance officers regarding the types of finance officer trainings that will be approved. The finance officer serves as the financial leader of the school district and is responsible, with the assistance of the superintendent, school councils, and other finance staff, for creating a sound financial climate that reflects the district needs and expectations.

On November 1, 2011, a new web-based Finance Officer Training Provider Proposal Form was made available for the districts and other training providers to access. Please click here to submit a proposal.

The proposal form allows training providers the convenience of submitting electroncially a training proposal request for the approval of a training agenda and/or program to be counted as finance officer training hours.

The web-based proposal form must be submitted to the Kentucky Department of Education's (KDE), Division of District Support at least thirty (30) business days prior to the first scheduled program in order to be eligible for approval. The Department cannot guarantee proposals submitted after this time will be reviewed for approval. Proposals submitted to KDE after training session has occurred will not be considered for approval.

The Finance Officer Hours List document located below is currently being updated due to several of the training sessions being obsolete. KDE will be replacing the outdated Finance Officer Hours List document with a revised list very soon. Please make a copy of the old list if desired prior to the old list being replaced with a revised list.

Finance Officer Hours List
Finance Officer Training Criteria Revised November 2011

For more informatin contact:
Jeffrey Coulter
500 Mero Street, 15th floor CPT
Frankfort, KY 40601
Phone: 502-564-3846 x4416
jeffrey.coulter@education.ky.gov

Insurance Guidelines
The purpose of this document is to provide information to Kentucky school districts regarding laws and regulations on insurance minimums and best practice recommendations from the Kentucky Department of Education. The guidelines in this document are to be used for general purposes only. Recommendations from the Kentucky Department of Education are offered as supplementary advice to assist districts in meeting statutory and regulatory requirements.

Insurance Manual

For more information contact:
Renee Thomas

500 Mero Street, 15th Floor CPT

Phone: 502-564-3846 x4454

renee.thomas@education.ky.gov

Key Financial Indicators Template

This template may be used to assist in the financial analysis of the school district. No one number can adequately measure the financial health of an entity but these factors as a whole can provide a basic financial picture. The annual amounts are significant as well as the trend for each indicator and at what rate the indicator is increasing or decreasing.

To use the template: Yellow highlighted cells indicate data where should be entered. Notes to the right provide guidance on obtaining that data. Take care to avoid overwriting or deleting the formulas built into the template.

Key Financial Indicators Template

For more information contact:

Susan Barkley
500 Mero St. 15th Floor CPT

Frankfort KY 40601

Phone: 502-564-3930 x4437

susan.barkley@education.ky.gov

Financial Management Calendar
The Financial Management Calendar is being made available to serve as a reminder of financial/budget processes that need to be completed as well as the KDE due dates.

FY2012 Financial Management Calendar Rev Nov 11
FY2013 Financial Management Calendar

For more information contact:
Kay Kennedy
500 Mero Street, 15th Floor CPT
Frankfort, KY 40601
Phone: 502-564-3930
kay.kennedy@education.ky.gov